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Core Curriculum Readings in Financial Accounting cover the fundamental concepts in financial accounting. The objective of this reading is to enhance the student's understanding of the nature of the information that general purpose financial reports provide. This goal is achieved by exposing students to the basic accounting concepts and assumptions that shape the form and character of this information.

The objective of this reading is to enhance student understanding of the concept of fair value as used in accounting. It is not intended to expand a student's knowledge of specific accounting applications of fair value at the transaction level. This Reading includes an Interactive Illustration: "Fair Value of an Asset."

The overarching goal of the revenue recognition chapter is to help students better understand the substance and implementation challenges of the joint FASB/IASB revenue recognition standard. This Reading includes four Interactive Illustrations: "Time Value of Money for Revenue Recognition," "Five-Step Revenue Recognition," "Revenue Recognition Timeline," and "Estimating Bad Debt."